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Financial Statement Audit Services

Understanding Audits

The audit is the highest level of assurance service Harshwal performs and is intended to provide a user comfort on the accuracy of financial statements. We perform audit procedures in order to obtain “reasonable assurance” (defined as a high but not absolute level of assurance) about whether the financial statements are free from material misstatement. In an audit, we are required to obtain an understanding of an auditees’ internal control and assess fraud risk. We are also required to corroborate the amounts and disclosures included in the financial statements by obtaining audit evidence through inquiry, physical inspection, observation, third-party confirmations, examination, analytical procedures, and other procedures.

Governmental audits include financial statement audits performed under Government Auditing Standards on entities such as states and local governments, not-for-profit organizations, institutions of higher education, and certain for-profit organizations.

Financial Audit Service
Governmental Audit

Governmental Audits Include Compliance Audits

(Referred to As Single Audits) performed under the Single Audit Act Amendments of 1996 and the Office of Management and Budget (OMB) Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), program specific audits as defined under the Uniform Guidance, and other compliance audits and attestation engagements performed as required by federal, state, or local laws and regulations. Every year, the federal government awards billions of dollars in grants, loans, loan guarantees, property, cooperative agreements, interest subsidies, insurance, food commodities and other noncash assistance, and direct appropriations and federal cost reimbursements to nonfederal grantees, which are subject to compliance audit requirements. The nonfederal entities also requirefinancial statement audits performed under AICPA auditing standards and Government Auditing Standards.

Governmental audits

also include financial statement audits performed under Government Auditing Standards on entities such as states and local governments, not-for-profit organizations, institutions of higher education, and certain for-profit organizations.

Professionals You Can Count On

Harshwal & Company LLP is a well-established CPA firm with good reputation in its service areas. For over a decade, our auditors have been serving state and local governments, school districts, housing authorities, special districts, tribal governments, and non-profits, as well as a wide variety of business clients. Using our state-of-the-art tools enables Harshwal audit professionals to deliver the assurance service quality and excellence that is implicit in the Harshwal way of doing audits and that the community and people expect.

A Specialized Approach to Audits

Our audit approach, methodology and deployed technologies are benchmarks within accounting profession. We use a state of the art and systematic analysis of risks specific to key business processes and cycles, we focus on areas, transactions and events that are material to the quality and reliability of financial and compliance reporting. Key to our approach is the determination of relevant risks through a careful and diligent assessment of the industry and the operational activities that sets us apart.

At Harshwal, we’ll help you achieve extraordinary success and growth by helping you build a business model on a solid foundation: a fully compliant accounting system that can pass a comprehensive audit.

We offer assurance services to a wide range of entities in public sector as well as private.
Industries expertise:

  • Federal agencies
  • State and Local governments
  • School Districts
  • Special Districts
  • State and tribal housing authorities
  • Healthcare provides (FQHC Clinics)
  • Tribal governments
  • Gaming and Hospitality
  • Private sector start-up companies
  • Venture Capital Funds
  • Individual clients in broad service areas

At Harshwal, you can trust that you’re in the hands of highly qualified audit service providers who will customize your experience to your business needs. As one of the best CPA firms around, you’ll be in good hands.

Assurance Services

Get Started with Harshwal

Ask Harshwal & Company LLP about how to get professional, attentive auditing services team on board, for a successful result that the client can show off to regulators or anyone else. We love to work with our clients to meet their needs and present their operations in a good light.

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